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Al Khaleej Takaful Group dives on earnings debacle

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Qatar: The Qatar Exchange 20 Index sliped 0.15%, finishing Monday trading at 9,640.54 points. Al Khaleej Takaful Group plummeted 6.92% to QR41. In the first six months, the Islamic insurance firm recorded a net profit of QR28.3m in comparisons to QR59m for the same period last year. "Takaful Insurance contributions for Alkhaleej Takaful Group amount to QR 158.6m , an increase of 9% over last year," the firm added. "Deficit in contributors account continued to decline. It stands at QR1,339,352 compared to QR2,853,996, an improvement of 53% over the same period of last year. We expect more improvement by the end of the year." [AMEInfo.com]

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